KAITO: 67% Drop Triggers $2.87M Hyperliquid Losses

KAITO posted the steepest two-week decline on the board, plunging 67.3% from the July 29 high of $1.3764 to $0.45 and carving out a textbook Christmas-tree pattern on the daily chart.

Two addresses that opened $6.94M in 5x long positions on Hyperliquid on August 3 have now stopped out, booking combined losses of $2.874M; both wallets sourced margin from OKX.

Price action on the four-hour chart shows KAITO trading inside the Bollinger Bands with the lower support at $0.46 already tested, while the EMA50 at $0.73 and EMA200 at $0.82 continue to act as firm overhead resistance; the MACD death cross at -0.07 keeps the structure bearish even as RSI(14) at 7.83 flashes extreme oversold conditions that often precede short-covering bounces before the next leg lower.